From: Martin Haenggi < >
Date: Thu, 21 Sep 2000 12:13:36 -0700
X-Mailer: KMail [version 1.0.20]

> I am sure this is not news to most of you but ...
> Credit cards company charge the APR only on overdue charges, you do
> not have to pay the bill before you charge the card. You can wait for the
> bill and pay on time that's all (typically 2 weeks after you get the bill,
> so it can be up to 1 1/2 month after you charge it).

Unfortunately, this is not quite true for Providian. I just had some
communication with them about some "finance charges" on my
account, and they said they have 0 days of grace period
which means that (original answer from Providian)
"therefore finance charges accrue on your account balance from
the time your purchase or a cash advance posts".
It starts the very same day you make a purchase...

-Martin

---
Nonlinear Electronics Laboratory
University of California at Berkeley
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